Stock Analysis on Net

General Motors Co. (NYSE:GM)

Analysis of Profitability Ratios 

Microsoft Excel LibreOffice Calc

Profitability Ratios (Summary)

General Motors Co., profitability ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 11.49% 10.25% 9.82% 9.31% 13.92%
Operating profit margin 8.21% 6.10% 4.47% 3.34% 7.51%
Net profit margin 8.82% 5.91% 5.49% 6.02% -2.90%
Return on Investment
Return on equity (ROE) 16.77% 14.27% 16.11% 20.62% -11.04%
Return on assets (ROA) 4.09% 2.73% 2.95% 3.53% -1.82%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. General Motors Co. gross profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. General Motors Co. operating profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. General Motors Co. net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. General Motors Co. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
ROA A profitability ratio calculated as net income divided by total assets. General Motors Co. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Gross Profit Margin

General Motors Co., gross profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Automotive and other gross margin 13,046  11,134  12,046  12,389  18,580 
Automotive net sales and revenue 113,590  108,673  122,697  133,045  133,449 
Profitability Ratio
Gross profit margin1 11.49% 10.25% 9.82% 9.31% 13.92%
Benchmarks
Gross Profit Margin, Competitors2
Ford Motor Co. 9.12% 2.70% 6.20% 8.11% 9.83%
Tesla Inc. 25.28% 21.02% 16.56% 18.83% 18.90%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Gross profit margin = 100 × Automotive and other gross margin ÷ Automotive net sales and revenue
= 100 × 13,046 ÷ 113,590 = 11.49%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. General Motors Co. gross profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Operating Profit Margin

General Motors Co., operating profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Operating income 9,324  6,634  5,481  4,445  10,016 
Automotive net sales and revenue 113,590  108,673  122,697  133,045  133,449 
Profitability Ratio
Operating profit margin1 8.21% 6.10% 4.47% 3.34% 7.51%
Benchmarks
Operating Profit Margin, Competitors2
Ford Motor Co. 3.59% -3.80% 0.40% 2.16% 3.30%
Tesla Inc. 12.12% 6.32% -0.28% -1.81% -13.88%
Operating Profit Margin, Sector
Automobiles & Components 6.94% 1.65% 2.06% 2.40% 4.54%
Operating Profit Margin, Industry
Consumer Discretionary 8.52% 6.39% 7.29% 7.79% 8.26%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Operating profit margin = 100 × Operating income ÷ Automotive net sales and revenue
= 100 × 9,324 ÷ 113,590 = 8.21%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. General Motors Co. operating profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Net Profit Margin

General Motors Co., net profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) attributable to stockholders 10,019  6,427  6,732  8,014  (3,864)
Automotive net sales and revenue 113,590  108,673  122,697  133,045  133,449 
Profitability Ratio
Net profit margin1 8.82% 5.91% 5.49% 6.02% -2.90%
Benchmarks
Net Profit Margin, Competitors2
Ford Motor Co. 14.22% -1.10% 0.03% 2.48% 5.22%
Tesla Inc. 10.25% 2.29% -3.51% -4.55% -16.68%
Net Profit Margin, Sector
Automobiles & Components 11.40% 2.29% 2.03% 3.54% 0.61%
Net Profit Margin, Industry
Consumer Discretionary 8.81% 5.23% 5.61% 5.94% 4.31%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to stockholders ÷ Automotive net sales and revenue
= 100 × 10,019 ÷ 113,590 = 8.82%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. General Motors Co. net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Return on Equity (ROE)

General Motors Co., ROE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) attributable to stockholders 10,019  6,427  6,732  8,014  (3,864)
Stockholders’ equity 59,744  45,030  41,792  38,860  35,001 
Profitability Ratio
ROE1 16.77% 14.27% 16.11% 20.62% -11.04%
Benchmarks
ROE, Competitors2
Ford Motor Co. 36.97% -4.17% 0.14% 10.23% 21.79%
Tesla Inc. 18.28% 3.24% -13.03% -19.83% -46.29%
ROE, Sector
Automobiles & Components 24.18% 5.99% 7.25% 13.44% 2.40%
ROE, Industry
Consumer Discretionary 34.62% 26.12% 33.02% 33.01% 22.58%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROE = 100 × Net income (loss) attributable to stockholders ÷ Stockholders’ equity
= 100 × 10,019 ÷ 59,744 = 16.77%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. General Motors Co. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Return on Assets (ROA)

General Motors Co., ROA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) attributable to stockholders 10,019  6,427  6,732  8,014  (3,864)
Total assets 244,718  235,194  228,037  227,339  212,482 
Profitability Ratio
ROA1 4.09% 2.73% 2.95% 3.53% -1.82%
Benchmarks
ROA, Competitors2
Ford Motor Co. 6.98% -0.48% 0.02% 1.43% 2.95%
Tesla Inc. 8.88% 1.38% -2.51% -3.28% -6.84%
ROA, Sector
Automobiles & Components 5.94% 1.06% 1.14% 2.09% 0.36%
ROA, Industry
Consumer Discretionary 8.01% 4.58% 5.44% 5.91% 4.13%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROA = 100 × Net income (loss) attributable to stockholders ÷ Total assets
= 100 × 10,019 ÷ 244,718 = 4.09%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. General Motors Co. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.